Shareholders of Kaynak Holding, Turkey's largest publisher seized in a government-orchestrated operation on Nov. 18, filed a criminal complaint with a local office of the chief public prosecutor in İstanbul, citing damage to company coffers under the new management.
An İstanbul court on Nov. 18 appointed seven trustees to take over the management of Kaynak Holding and 21 subsidiaries of the conglomerate on suspicion of them having affiliations with the so-called “parallel state,” an infamous term invented by President Recep Tayyip Erdoğan to refer to sympathizers of the Hizmet movement, a faith-based community inspired by Turkish Islamic scholar Fethullah Gülen.
Following an earlier lawsuit, Kaynak shareholders on Thursday turned to İstanbul's Bakırköy Prosecutor's Office, demanding legal action against the government-appointed panel of trustees that took over the Kaynak board. The shareholders said the trustees leveled unfounded accusations against the company and personnel while causing serious financial losses at Kaynak's 17 subsidiaries. They also said a trustee decision to have copies of all books written by Gülen removed from the shelves of hundreds of NT Mağazaları bookstores was illegal.
Published on Today's Zaman, 14 January 2016, Thursday